Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Energy company Scottish Power has announced plans to cut 200 jobs across its workforce. Currently the headcount stands at around 6,500 employees, approximately half being in Scotland. The decision to cut jobs reflects a drive for efficiency across the company. A spokesperson for the business confirmed that it envisages that the job cuts will be achieved via a voluntary redundancy scheme and that if numerous workers express an interest in the scheme, then decisions will be taken according to operational needs. The cuts will take place throughout 2018.
Eurofound (2017), Scottish Power, Internal restructuring in United Kingdom, factsheet number 92938, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92938.